CNL Healthcare Properties was the seller of the four inpatient rehabilitation facilities.
The acquisition expands POAH’s footprint in Chicago into three new communities plus the suburb of Harvey and brings to nearly 1,500 the number of apartments the nonprofit has developed or purchased here since 2008.
In connection with the deal, Vornado also reports that Haim Chera, 50, has left the family-owned Crown Acquisitions to join Vornado as its EVP- head of retail.
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